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Leases
 9 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases Leases
We lease real estate and equipment for use in our operations.

The components of lease expense for the three and nine months ended December 31, 2020 and 2019 were as follows:
Three Months Ended December 31, Nine Months Ended December 31,
(In thousands)2020201920202019
Finance lease cost:
     Amortization of right-of-use assets$629 $207 $1,397 $207 
     Interest on lease liabilities76 34 185 34 
Operating lease cost1,679 2,239 5,068 5,697 
Short term lease cost24 28 69 78 
Variable lease cost11,220 15,731 35,230 48,396 
Sublease income(54)(833)(163)(2,607)
Total net lease cost$13,574 $17,406 $41,786 $51,805 

As of December 31, 2020, the maturities of lease liabilities were as follows:

(In thousands)
Year Ending March 31,Operating LeasesFinance
Lease		Total
2021 (Remaining three months ending March 31, 2021)$1,983 $706 $2,689 
20226,557 2,826 9,383 
20236,293 2,826 9,119 
20246,303 2,826 9,129 
20254,132 1,412 5,544 
Thereafter4,974 — 4,974 
Total undiscounted lease payments30,242 10,596 40,838 
Less amount of lease payments representing interest(3,626)(556)(4,182)
Total present value of lease payments$26,616 $10,040 $36,656 

The weighted average remaining lease term and weighted average discount rate were as follows:
December 31, 2020
Weighted average remaining lease term (years)
Operating leases4.88
Finance leases3.75
Weighted average discount rate
Operating leases5.28 %
Finance leases2.98 %
Under our Master Services Agreement with GEODIS Logistics LLC ("GEODIS"), GEODIS purchased certain assets for our use that went into service during the three months ended September 30, 2020. The right-of-use ("ROU") asset and lease liability at the commencement of this finance lease was $5.2 million.
Leases Leases
We lease real estate and equipment for use in our operations.

The components of lease expense for the three and nine months ended December 31, 2020 and 2019 were as follows:
Three Months Ended December 31, Nine Months Ended December 31,
(In thousands)2020201920202019
Finance lease cost:
     Amortization of right-of-use assets$629 $207 $1,397 $207 
     Interest on lease liabilities76 34 185 34 
Operating lease cost1,679 2,239 5,068 5,697 
Short term lease cost24 28 69 78 
Variable lease cost11,220 15,731 35,230 48,396 
Sublease income(54)(833)(163)(2,607)
Total net lease cost$13,574 $17,406 $41,786 $51,805 

As of December 31, 2020, the maturities of lease liabilities were as follows:

(In thousands)
Year Ending March 31,Operating LeasesFinance
Lease		Total
2021 (Remaining three months ending March 31, 2021)$1,983 $706 $2,689 
20226,557 2,826 9,383 
20236,293 2,826 9,119 
20246,303 2,826 9,129 
20254,132 1,412 5,544 
Thereafter4,974 — 4,974 
Total undiscounted lease payments30,242 10,596 40,838 
Less amount of lease payments representing interest(3,626)(556)(4,182)
Total present value of lease payments$26,616 $10,040 $36,656 

The weighted average remaining lease term and weighted average discount rate were as follows:
December 31, 2020
Weighted average remaining lease term (years)
Operating leases4.88
Finance leases3.75
Weighted average discount rate
Operating leases5.28 %
Finance leases2.98 %
Under our Master Services Agreement with GEODIS Logistics LLC ("GEODIS"), GEODIS purchased certain assets for our use that went into service during the three months ended September 30, 2020. The right-of-use ("ROU") asset and lease liability at the commencement of this finance lease was $5.2 million.